Squawk Box Turns 30! Mario Gabelli & Ted Leonsis 9/9/25

Squawk Pod

CNBC

Business News, Business, Investing, News

4.2 • 543 Ratings

🗓️ 9 September 2025

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Two longtime guests of Squawk Box help celebrate the show’s 30th anniversary: sports and entertainment entrepreneur Ted Leonsis and famed stock investor Mario Gabelli. Founder and CEO of Monument Sports and Entertainment Ted Leonsis discusses a potential IPO and the future of his teams, including the Wizards, Capitals, and Mystics. Mario Gabelli, chairman and CEO of GAMCO Investors, shares his investment thesis amid a reopened IPO window. Plus, OpenAI is reportedly exploring an exit from California, and Rupert Murdoch’s succession saga has reached a resolution–for now. Ted Leonsis - 10:08 Mario Gabelli - 22:50 In this episode: Ted Leonsis, @TedLeonsis Mario Gabelli, @MarioGabelli Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music, please.
0:03.0	This is Squawk Pod from CNBC, and I'm producer Cameron Costa.
0:09.0	On today's episode, Happy 30th to the Squawk Box team.
0:13.0	Here for the celebration, sports and entertainment entrepreneur, Ted Leonis.
0:18.0	30 years. We've been through a lot together. Yes, we have.
0:21.6	I'm really proud of you guys.
0:22.6	In the time we've been on air, he's combined the Mystics, the Capitals, the Wizards,
0:27.6	Capital One Arena, and more into monumental sports and entertainment.
0:31.6	And he's still building.
0:33.6	I just wanted us to start to act like a pre-IPO company.
0:44.7	If the time ever came exactly right for us, it was a Goldilocks moment, yeah, we could consider going public.
0:51.5	Famed stock investor Mario Gubelli, also celebrating three decades of squawking.
0:55.0	It's like 65 years for the three of you together. Where he's looking for capital.
0:57.0	We'll probably be more of a buyer of the pieces.
1:00.0	Those big conversations, plus OpenAI exploring an exit from the Golden State,
1:06.0	and Rupert Murdoch's succession fight finally resolved.
1:10.0	He just got married. He's not dying.
1:11.6	It's Tuesday, September 9th, and Squawk Pod begins right now.
1:16.6	Stand Becky by in three, two, one.
1:19.6	Cuea, please.
1:22.6	Good morning, everybody. Welcome to Squackbox right here on CNBC.
1:26.6	We're live from the NASDAQ market site in Times Square. I'm Becky Quick, along with Joe Kernan and Andrew Ross Sorkin. Welcome back. Thank you. I see you, sir. Yeah, good to have everybody together here today. This was like succession, but it's finally, it looks like there's some answers. Media Titan Rupert Murdoch's real-life succession drama coming to an end.
	...

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